Toby Perkins
Main Page: Toby Perkins (Labour - Chesterfield)Department Debates - View all Toby Perkins's debates with the Department for Energy Security & Net Zero
(1 day, 14 hours ago)
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Mr Toby Perkins (Chesterfield) (Lab)
No one can doubt the leadership that the Prime Minister and the Secretary of State showed in Baku, and they deserve great credit for that. The Secretary of State is right that there is a danger of overselling the achievements of the COP. Developing nations have been critical about the financial agreement that was reached, and the commitments made in Paris on fossil fuels were not followed through, as he said. What are the main barriers right now to getting the action and pace of action that are needed? Does he have confidence that in Rio we will see the real breakthrough that the world is waiting for?
Ed Miliband
My hon. Friend asks absolutely the right question. The truth on the finance side is that this represents a significant scaling up at a time when developed and developing countries face extreme pressures on the public finances. There is a significant development whereby the flows to multilateral development banks from large emitters, such as China, will now count towards the overall finance goal. That is a big change and a big step forward.
On the transition away from fossil fuels, the barrier is that some countries are worried about what it means for them—that is totally understandable. Some countries think it will be problematic for their prosperity. The truth is that we will just have to make better efforts with the majority of countries that want to see action prevail at next year’s COP, and that will involve hard yards. Finally, we must have a campaign for—this is something we will work on with Brazil—ambitious NDCs because it is crucial that that is the job of the next COP.